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Cybersecurity Firm WISeKey Introduces Blockchain-Optimized Digital Identity Solution For IoT Devices

BFSI News

Cybersecurity_Firm-WISeKey-Introduces-Blockchain-Optimized-Digital-Identity-Solution-For-IoT-Devices Cybersecurity Firm WISeKey Introduces Blockchain-Optimized Digital Identity Solution For IoT DevicesWISeKey, a leading global Cybersecurity firm, has introduced a new Blockchain-enabled digital identity solution, named SensorsID, to protect IoT devices (Internet of Things) and their data. The company focuses on secure authentication and identification solutions for people and smart objects by deploying a cryptographic tool named Root of Trust (RoT). Ahead of this effort, WISeKey IoT asserts to have an install base of more than 1.5 billion secure microchips across virtually all IoT sectors, from connected carts and smart cities to drones and Crypto tokens. Moreover, the company claims that its RoT is currently embedded in 4 billion devices across the globe.

The company’s new solution will be issued under the WISeKey RoT and serve as a strong digital identity solution which integrates a Blockchain platform with dual-factor authentication measures to better protect smart device identities and their data transactions. According to the report, SensorsID is a new device-centric identity solution that supplements WISeKey’s existing solutions for personal and mobile digital identity, called CertifyID and WISeID, respectively. The company’s three solutions are designed to allow strong authentication, digital signature, and encryption. WISeKey’s statement highlights that the SensorsID Blockchain can be operated at a local and national level between trusted parties.

The company proposes that the combination of Blockchain, IoT and robust security solutions can boost productivity across diverse industrial and consumer applications. It stated with instances that an intelligent car with a system processing authenticated data for each of the vehicle components, being able to detect if/when different parts will require service and to digitally sign all the logs required to prove that service was provided. This platform can be used in smart homes with connected appliances, and provide critical communication between devices. Moreover, WISeKey further delineated that how its range of digital ID solutions and chips are designed to feature secure storage, cryptographic calculations and digital signatures for executing sensitive calculations, and to prevent device data, such as power consumption patterns or electromagnetic emissions, from being leaked to third-parties.